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Toward the end of trading Friday, the Dow traded up 0.10 percent to 18,001.14 while the NASDAQ declined 0.90 percent to 4,901.21. The S&P also fell, dropping 0.01 percent to 2,091.31.
Leading and Lagging Sectors
On Friday, the energy sector proved to be a source of strength for the market. Leading the sector was strength from NGL Energy Partners LP (NYSE: NGL) and Legacy Reserves LP (NASDAQ: LGCY).
In trading on Friday, technology shares fell by 1.73 percent. Meanwhile, top losers in the sector included Microsoft Corporation (NASDAQ: MSFT), down 7 percent, and Alphabet Inc (NASDAQ: GOOGL), down 5 percent.
Best Energy Stocks To Watch For 2018: FMC Technologies, Inc.(FTI)
- [By Joseph Griffin]
DNB Markets upgraded shares of TechnipFMC (NYSE:FTI) from a hold rating to a buy rating in a research report report published on Friday morning, MarketBeat reports.
- [By Stephan Byrd]
TechnipFMC (NYSE:FTI) is scheduled to release its earnings data after the market closes on Wednesday, May 9th. Analysts expect TechnipFMC to post earnings of $0.33 per share for the quarter.
- [By Lisa Levin]
Companies Reporting After The Bell
Booking Holdings Inc. (NASDAQ: BKNG) is projected to post quarterly earnings at $10.67 per share on revenue of $2.87 billion.
CenturyLink, Inc. (NYSE: CTL) is expected to post quarterly earnings at $0.19 per share on revenue of $6.00 billion.
Albemarle Corporation (NYSE: ALB) is projected to post quarterly earnings at $1.21 per share on revenue of $803.36 million.
Spectra Energy Partners, LP (NYSE: SEP) is estimated to post quarterly earnings at $0.81 per share on revenue of $751.57 million.
IAC/InterActiveCorp (NASDAQ: IAC) is expected to post quarterly earnings at $0.8 per share on revenue of $923.80 million.
Open Text Corporation (NASDAQ: OTEX) is projected to post quarterly earnings at $0.62 per share on revenue of $691.75 million.
Tutor Perini Corporation (NYSE: TPC) is expected to post quarterly earnings at $0.29 per share on revenue of $1.09 billion.
Twenty-First Century Fox, Inc. (NASDAQ: FOXA) is projected to post quarterly earnings at $0.54 per share on revenue of $7.41 billion.
ICU Medical, Inc. (NASDAQ: ICUI) is estimated to post quarterly earnings at $1.84 per share on revenue of $346.28 million.
TechnipFMC plc (NYSE: FTI) is expected to post quarterly earnings at $0.33 per share on revenue of $3.13 billion.
Synaptics Incorporated (NASDAQ: SYNA) is projected to post quarterly earnings at $0.91 per share on revenue of $401.76 million.
The Dun & Bradstreet Corporation (NYSE: DNB) is expected to post quarterly earnings at $1.07 per share on revenue of $386.91 million.
Matrix Service Company (NASDAQ: MTRX) is estimated to post quarterly earnings at $0.07 per share on revenue of $285.16 million.
Maiden Holdings, Ltd. (NASDAQ: MHLD) is projected to post quarterly earnings at $0.21 per share on revenue of $739.31 million.
tronc, Inc. (NASDAQ: TRNC) is expected to post quarterly earnings at $0.65 per share on revenue of $428.25 million.
- [By Dan Caplinger]
Oil-field services companies have endured a rocky road in recent years, and even though 2018 has seen nice gains in oil prices so far, investors aren’t sure whether companies like TechnipFMC (NYSE:FTI) have truly turned the corner. For the provider of energy services both off the coast and at land-based well sites, rising energy prices are just the first step in spurring its exploration and production company customers to utilize more of its services.
Best Energy Stocks To Watch For 2018: Southwestern Energy Company(SWN)
- [By WWW.GURUFOCUS.COM]
For the details of DFT Energy LP’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=DFT+Energy+LP
These are the top 5 holdings of DFT Energy LPWhiting Petroleum Corp (WLL) – 400,000 shares, 18.19% of the total portfolio. Shares added by 2.56%Hess Corp (HES) – 170,000 shares, 11.57% of the total portfolio. Shares added by 30.77%Noble Energy Inc (NBL) – 200,000 shares, 8.15% of the total portfolio. Southwestern Energy Co (SWN) – 1,360,000 shares, 7.92% of the total portfolio. Shares added by 4.62%Anadarko Petroleum Corp (APC)
- [By Lisa Levin] Gainers
Cocrystal Pharma, Inc. (NASDAQ: COCP) rose 15.3 percent to $2.41 in pre-market trading after declining 25.09 percent on Thursday.
Expedia Group, Inc. (NASDAQ: EXPE) shares rose 10.7 percent to $117.75 in pre-market trading after the company reported stronger-than-expected earnings for its first quarter on Thursday.
DMC Global Inc. (NASDAQ: BOOM) rose 10.6 percent to $35.00 in pre-market trading after reporting Q1 results.
Genprex, Inc. (NASDAQ: GNPX) rose 10.2 percent to $12.12 in pre-market trading after climbing 86.76 percent on Thursday.
Sprint Corporation (NYSE: S) shares rose 7 percent to $6.42 in pre-market trading on reports that the company has made progress on merger talks with T-Mobile.
Amazon.com, Inc. (NASDAQ: AMZN) rose 6.9 percent to $1,621.95 in pre-market trading after the company posted upbeat results for its first quarter. The company sees second quarter operating income of $1.1 billion – $1.9 billion and sales of $51 billion – $54 billion.
Riot Blockchain, Inc. (NASDAQ: RIOT) shares rose 5.5 percent to $7.88 in pre-market trading after gaining 1.49 percent on Thursday.
Intel Corporation (NASDAQ: INTC) rose 5.3 percent to $55.86 in pre-market trading as the company reported better-than-expected results for its first quarter and also raised its FY18 sales outlook.
8×8, Inc. (NASDAQ: EGHT) rose 5.3 percent to $21.00 in pre-market trading.
Southwestern Energy Company (NYSE: SWN) shares rose 5.1 percent to $4.75 in pre-market trading as the company reported better-than-expected earnings for its first quarter.
Diamond Offshore Drilling, Inc. (NYSE: DO) rose 5 percent to $20.24 in pre-market trading.
Baidu, Inc. (NASDAQ: BIDU) rose 4.5 percent to $249.50 in pre-market trading following upbeat Q1 profit.
Charter Communications, Inc. (NASDAQ: CHTR) rose 4.3 percent to $311 in pre-market trading. Charter is expected to release quarterly earnings today.
SINA Corporation (NASDAQ: SINA) shares rose 3.9 pe
- [By Paul Ausick]
Southwestern Energy Co. (NYSE: SWN) traded down about 5.2% Friday and posted a new 52-week low of $4.00 after closing Thursday at $4.22. The stock’s 52-week high is $9.75. Volume was around 21 million, about 10% below the daily average of around 23 million shares. The company had no specific news.
- [By Paul Ausick]
Southwestern Energy Co. (NYSE: SWN) fell about 6% Friday to post a new 52-week low of $3.42 after closing at $3.64 on Thursday. The 52-week high is $90.15. Volume of about 35 million was around 50% above the daily average. The company had no specific news.
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Friday was Southwestern Energy Company (NYSE: SWN) which rose 20% to $4.46. The stocks 52-week range is $3.42 to $8.94. Volume was about 52 million compared to the daily average volume of 26 million.
- [By Paul Ausick]
Southwestern Energy Co. (NYSE: SWN) traded down 7.4% Monday and posted a new 52-week low of $4.63 after closing Friday at $5.00. The stock’s 52-week high is $9.75. Volume was over 37 million, approaching double the daily average of about 21 million shares. The company had no specific news.
Best Energy Stocks To Watch For 2018: National Oilwell Varco, Inc.(NOV)
- [By Zacks]
On the news front, U.S. supermajor Chevron Corp. (NYSE: CVX) gave its go-ahead to the $5.1 billion second stage of its massive Gorgon LNG project in Western Australia, while oilfield service providers McDermott International, Inc. (NYSE: MDR) and National Oilwell Varco, Inc. (NYSE: NOV) provided first-quarter operational updates.
- [By Shane Hupp]
Iowa State Bank lifted its stake in National Oilwell Varco (NYSE:NOV) by 9.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,546 shares of the oil and gas exploration company’s stock after purchasing an additional 1,589 shares during the quarter. Iowa State Bank’s holdings in National Oilwell Varco were worth $683,000 at the end of the most recent reporting period.
- [By Garrett Baldwin]
The price of Bitcoin faced more pressure over the weekend. The downturn came on news that several major banks have banned the purchasing of Bitcoin with credit cards. Bank of America Corp. (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), and Citigroup Inc. (NYSE: C) have all banned cryptocurrency purchases since Friday. This means that the top five credit card issuers have now halted the practice. Bitcoin sat at $7,773 this morning.
Janet Yellen is officially out of the Federal Reserve and will be heading to the Brookings Institution. Today, Jerome Powell will begin his first term at the helm of the U.S. central bank. Powell takes over at an interesting time for the U.S. economy. The central bank is expected to raise interest rates three times in 2017. In addition, Powell must manage a $4.5 trillion balance sheet that the Fed built up in the wake of last decade’s financial crisis.
Gold prices saw a slight gain in pre-market hours. But those gains could surge as markets continue to face questions about inflation and a weaker U.S. dollar. Gold prices saw one of their biggest one-day declines in two months on Friday. Investors are looking at this as a solid entry point given price expectations from Money Morning Resource Specialist Peter Krauth. Peter expects that gold prices will reach $1,400 by the end of June and rise to as high as $1,500 by December.
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Crude oil prices slid in pre-market hours to a one-month low. TheWTI crude oil price todayfell 0.6%. Brent crude dropped 1.1%. Markets are growing increasingly fearful that rising U.S. production could spur an oversupply of the markets.
Four Stocks to Watch Today: WFC, AVGO, QCOM, BMY
Shares of Wells Fargo & Co. (NYSE: WFC) are off more than 8% this morning because the Fed has forced new sanctions on the bank that will limit its growth. The Fed’s consent order will see the bank change four members of its board of directors and
- [By Logan Wallace]
National Oilwell Varco (NYSE: NOV) and DistributionNOW (NYSE:DNOW) are both oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, analyst recommendations, earnings, risk, institutional ownership, valuation and profitability.
- [By Matthew DiLallo]
After steadily improving for several quarters, National Oilwell Varco’s (NYSE:NOV) recovery hit a speedbump in the first quarter of 2018. Revenue declined 9% from the previous quarter and missed its forecast due to several issues. However, one thing the company’s management team made clear on the accompanying conference call was that while the quarter was a disappointment, they’re increasingly optimistic about what they see ahead.
Best Energy Stocks To Watch For 2018: WPX Energy, Inc.(WPX)
- [By Shane Hupp]
Hodges Capital Management Inc. lowered its stake in shares of WPX Energy (NYSE:WPX) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,047,818 shares of the oil and gas producer’s stock after selling 17,025 shares during the period. WPX Energy accounts for about 1.2% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 23rd largest position. Hodges Capital Management Inc. owned about 0.26% of WPX Energy worth $15,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Best Energy Stocks To Watch For 2018: Contango Oil & Gas Company(MCF)
- [By Stephan Byrd]
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Best Energy Stocks To Watch For 2018: Euro FX(P)
- [By Timothy Green]
Music-streaming company Pandora (NYSE:P) finally launched an on-demand subscription service in early 2017. Pandora Premium, priced at $9.99 per month, directly competes with Spotify and Apple Music. The company’s goal is to convert a significant chunk of its ad-supported listener base into subscribers. In addition to the new on-demand service, Pandora offers an ad-free version of its core internet radio experience for $4.99 per month.
- [By Paul Ausick]
Pandora Media Inc. (NYSE: P) dropped nearly 1% Tuesday to match a 52-week low of $4.09 after closing at $4.13 on Monday. The stock’s 52-week high is $13.72. Volume was about 6.5 million, about 40% below the daily average of around 11.3 million. The music streaming company had no specific news.
- [By Benzinga News Desk]
Six months after its debut, Pandora Media Inc (NYSE: P)’s Premium Access has recorded more than 6.5 million listeners and more than 55 million total sessions, a company spokesperson told Benzinga: Link
- [By Rick Munarriz]
The beat and the beats go on atPandora (NYSE:P). Shares of the streaming music icon soared 26% after posting blowout financial results. A pair of analysts would go on to upgrade the stock, and a third Wall Street pro joined them in jacking up price targets on the shares.
- [By Garrett Baldwin]
Yesterday, the Fed Open Market Committee announced it would not raise interest rates this session. The central bank committee, which is in charge of monetary policy, said that inflation is rising and that the U.S. economy is getting better. Markets are now looking forward to the next meeting on June 12 for the U.S. Federal Reserve to bump rates higher for the second time in 2018. Shares of Tesla Inc. (Nasdaq: TSLA) slumped more than 4.5% after Tesla CEO Elon Musk held an highly unusual earnings call. After announcing that his firm burned through $700 million in cash during the quarter of 2018, Musk refused to take any more questions on the company’s fiscal health, dismissing analysts’ questions as “boring.” Musk instead spent the rest of the quarterly call taking questions from a YouTuber named Gali Russell who had lobbied Musk on Twitter to let him partake in the earnings call. This morning, the U.S. Labor Department reported initial jobless claims rose by 2,000, to 211,000. Analysts had projected 225,000 for the week. The tightening U.S. labor market has now seen the total number of Americans receiving benefits fall to the lowest level since 1973. America’s unemployment rate is sitting at 4.1%, the lowest figure in 17 years. Tomorrow, the Labor Department will release the April jobs report.
Four Stocks to Watch Today: GPRO, SPOT, CI
GoPro Inc. (Nasdaq: GPRO) will lead another busy day of earnings reports on Wall Street. The firm will report earnings after the bell Thursday. Wall Street expects that the tech firm is about to report a loss of -$0.40 per share on top of $175.40 billion in revenue. Here’s a way to make a lot of money in a short time during earnings season. Spotify Technology SA(NYSE: SPOT) did not have a very good first earnings report. Shares plunged more than 8% after the firm’s music-streaming forecasts fell well short of expectations. During its earnings report, signals indicated that the firm’s growth could slow despite news that its